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Rossell India Ltd. Company History and Annual Growth Details

YEAR EVENTS
1996 - The Subsidiary of your Company namely, Panitola Investments Ltd. is
now known with its new name 'Wilton Investments Ltd.'.

- Mr. Y.K. Modi resigned from the Board with effect from 19th April.

1997 - Mr. N. C. Pohani retires at the forthcoming Annual General Meeting, but being eligible
offers himself for re-appointment.

- The tenure of the appointment of Mr. R. N. Deogun, Managing Director, is due to expire
on 30th June. It is proposed to re-appoint Mr. Deogun for a further period of 3 years
with effect from 1st July.

1998 - The Company has, during the year, issued and allotted as per SEBI Guidelines on
Preferential Allotment basis 15,00,000 No. of Equity Shares of Rs. 10 each at a premium
of Rs. 4 per Equity Share to an existing major shareholder of the Company.

- Mr. H.M. Gupta retires at the forthcoming Annual General Meeting, but being eligible offers
himself for re-appointment.

1999 - The Company acquired Nagrijuli T.E., with effect from 11th October.

- Wilton Investments Ltd., a Non-Banking Finance Company registered with
Reserve Bank of India, has now become 100% Subsidiary of the Company.
The Directors propose to merge the two companies and for that purpose a
suitable Scheme of Amalgamation is being drawn.

- Dr. S. S. Baijal retires at the forthcoming Annual General Meeting, but being eligible
offers himself for re-appointment.

2000 - Rossell Tea Ltd. has acquired Bokakhat Tea Co. Pvt. Ltd. which owns Bokakhat tea
estate in the Golaghat district of Assam.
 
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